Wall Street crash: Why S&P 500, Nasdaq futures tumbled today after KOSPI’s 10% fall; AI sell-off deepens- Moneycontrol.com
• US stock futures, including the S&P 500 and Nasdaq, plunged as much as 2.5% on Tuesday following a massive sell-off in technology shares. • The downturn was triggered by a sharp 10% crash in South Korea's benchmark Kospi index, signaling a contagion of selling pressure across Asian and US markets. • This volatility raises critical concerns regarding the sustainability of the recent AI-driven rally that had previously pushed tech valuations higher.
moneycontrol.com